AUD marks a decline, with AUD/NZD reflecting it most. The pair's downturn is driven by better CPI data in New Zealand, the fall in gold, the higher yield on US government bonds and the more expensive dollar. AUD spot price dropped to the bottom of October 12 and 100 period moving average. On the other hand, at 03:30 we look forward to the minutes of the last meeting of the Reserve Bank of Australia. The expectations of the market participants are to hear a moderate tone from the bank's members, which will further weaken the currency.
NZD - at the start of the day, NZD saw strong growth after better data on inflation in the country and is currently adjusting. NZD/USD is at levels of 0.7180, just over 200SMA, closing the day bar under creeping will boost negative moods.
JPY - USD/JPY rose against a background of rumors that US and North Korean diplomats may meet in Russia later this week. Currently the price is at key levels supported by 38.2% Fibonacci correction, 50SMA and horizontal support. At the same time, the price has a resistance in the mid-term diagonal.
Source: Bloomberg Pro Terminal
Jr Trader Petar Milanov
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